Chennai, India
July 25, 2013

Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, announced that a research paper presented by CEO Steven Sprague, “Modernize the Network: Device Identity Network Meets Enterprise Needs,” was singled out among half a dozen shortlisted nominations as best research paper. The competition took place at the Data Security Council (DSCI) “Best Practices Meet” in Chennai, India, on Friday, July 12.

“DSCI Best Practices Meet aims at bringing security professionals together to collaborate and engage in thought-provoking discussions on security and privacy issues,” said Dr. Kamlesh Bajaj, CEO DSCI. “This year we conducted a technical paper presentation competition, in association with Cisco and IEEE. It was heartening to observe that all the papers were infused with fresh ideas and innovative approaches to strengthen network security.

“I congratulate Steven Sprague from Wave Systems who won the best paper award,  Asit More and Shashikala Tapaswi from ABV Indian Institute of Information Technology & Management, Gwalior who were the first runners up and Santosh Krishna Putchala, Rajanna Anitha Yadukumar and Krishna Bhat from Robert Bosch Engineering and Business Solutions who qualified for the second position. I hope that these new ideas will find acceptance in the industry and contribute in making our networks more secure and robust,” said Dr. Bajaj.

Commented Wave CEO Steven Sprague, “Wave and DSCI have collaborated for a number of years, so we were honored to attend ‘Best Practices Meet,’ and especially proud to have our technical paper singled out as best in class. The message that network access and service delivery should be allowed or denied based on the device, as opposed to the identity of the user, resonated with the panel of judges. This model has been effectively adopted by the cellular and cable industries, with instances of fraud and data compromise plummeting in each case. Trusted Computing technologies enable this new networking model.”

The technical paper presentation was organized by DSCI in partnership with IEEE India Council and Cisco. The authors of six papers (from an original field of 40 nominations) presented their research to the jury members. After a critical evaluation of the papers, the winners were announced. Mr. Ponnavaikko Murugesa, Head, IEEE India Council and Dr. Kamlesh Bajaj, CEO DSCI conferred the award and congratulated the winners. The winners included:

  • Mr. Steven Sprague – Wave Systems for Best Research Paper
  • Mr. Asit More – ABV Indian Institute of Information Technology & Management, Gwalior for the first runner-up position
  • Mr. Santosh Krishna Putchala – Robert Bosch Engineering and Business Solutions for the second runner-up position

The jury members included Mr. Ponnavaikko Murugesa, Head, IEEE India Council; Dr. Deepak Garg, Director, IEEE India Council; Mr. Vishal Salvi, CISO, HDFC Bank; Mr. Roopchandar,  Director Global Operations, HCL; Prof. B. Mehtre, Sr. Professor, IDRBT; Mr. Maria Bellarmine,  CISO, Tech Mahindra; and Mr. Sunil Varkey,  CISO, Wipro.

DSCI is a focal body on data protection in India, set up as an independent self-regulatory organization by NASSCOM®, to promote data protection, develop security and privacy best practices & standards and encourage the Indian industries to implement the same. Its “Best Practices Meet” has been held for five years running, with this year’s event attracting more than 200 senior industry and government security professionals. 

Wave is represented locally by Sasi Bhushan of Infodat Technologies  (+91 40 44886999 X. 989) and Vinod Kumar of Satcom Infotech (+91-98200-35781.)

For more information please contact:

Wave Contact:
Michael Wheeler
Wave Systems Corp.
413-243-7026
mwheeler@wave.com

Investor Relations:
David Collins, Eric Lentini
Catalyst Global LLC
212-924-9800 office / 917-734-0339 mobile
wavx@catalyst-ir.com